Midwest

The Metropolitan St. Louis Sewer District will price $150 million of revenue bonds Thursday in its second draw on a $945 million borrowing authorized by voters last year.

Investors endorsed Illinois’ pension restructuring legislation with state paper trading at tighter spreads while rating agencies, though cautious, called the overhaul a positive step.

Auction house Christie's said a slice of Detroit's art collection could be worth between up to $846 million, far less than creditor speculations.

Illinois Gov. Pat Quinn promised a prompt signature on the pension overhaul lawmakers delivered Tuesday, setting the stage for battles over its legality and effectiveness.

Ending a two-year political impasse, the Illinois General Assembly approved sweeping changes to the state's pension system billed by its backers as a "landmark" overhaul that will stabilize both the system and the state's fiscal foundation.

Detroit is eligible for bankruptcy protection, the federal judge overseeing the case ruled Tuesday.

Democratic and Republican backers of legislation to fix Illinois's pension mess portrayed it as landmark legislation that represents the best shot at both stabilizing the system and the state's fiscal foundation while unions attacked it as unfair and unconstitutional.

Ohio municipalities face steep revenue losses — and likely constraints on borrowing ability — under a proposed overhaul of the state's local income tax system.

Friendship Village of Sunset Hills, Missouri will sell $58 million of bonds this week to fund a major expansion of its retirement village outside of St. Louis.

The Missouri Association for Social Welfare last week filed a lawsuit contesting the summary language of a proposed ballot measure seeking approval for a one cent sale tax increase to fund transportation-related projects.